Funding you earn now, next payment 22:00 UTC−0.0075%/8h= −8.2% APRpaid last 24h −0.016%
Price spread now: Bitget against Nado−0.003%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$190.191% of the position
Funding, last 3 days (all we have)−0.031%−$3 on $10k
+Price spread, last 7 days+0.004%$0 · spread now −0.003%, 7d avg −0.007%
=Together, before fees−0.027%+ Points / potential airdropNado: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado BTC-PERP | 86,713.7 | 0.0100 | pay 0.0012% / 1h | 53m 54s | $22.0M | $237.9M | 50x |
| Short | Bitget BTCUSDT | 86,710.8 | 0.0025 | get 0.0025% / 8h | 2h 53m | $2.95B | $5.08B | 150x |
Nado BTC-PERP
Bitget BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Nado. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$15.75
- Price spread: −0.003% → −0.007%
- $0.35
- Slippage, 4 orders
- −$0.14
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$34.54
- Costs to cover
- 0.191%
- Break-even
- never at this rate
Slippage from Nado: live order book, 5 min ago; Bitget: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Nado live order book, 5 min ago | 0.06 bp | 3.6 bp −$4 | 3.6 bp −$36 | 4.0 bp −$404 | 9.6 bp −$4,824 |
| Sell Bitget live order book, 5 min ago | 0.01 bp | 6.0 bp −$6 | 6.4 bp −$64 | 7.3 bp −$731 | 8.5 bp −$4,268 |
BTC on 56 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl BTC | −0.0335% | 43m | 86,699.6 | −0.016% | $425K | $25.4M | 6.7x | as long as short |
| Aftermath Perps BTCUSD | −0.0188% | 1h | 86,827.4 | +0.131% | $85K | $188K | 20x | as long as short |
| Phoenix BTC | −0.0123% | 1h | 86,795 | +0.094% | $2.2M | $12.4M | 40x | as long as short |
| dYdX BTC-USD | −0.0094% | 1h | 86,758.8 | +0.052% | $18.1M | $19.9M | 50x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,667 | −0.054% | $9K | $3K | 50x | as long as short |
| Bluefin BTC-PERP | −0.0001% | 1h | 86,680 | −0.039% | $160K | $575K | 40x | as long as short |
| KuCoin XBTUSDTM | −0.0001% | 8h | 86,717.7 | +0.005% | $846.7M | $708.4M | 125x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,688.9 | −0.029% | $362K | $2.5M | 50x | as long as short |
| Kalshi KXBTCPERP | 0.0000% | 8h | 86,760 | +0.053% | $8.8M | $725.2M | 6.4x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0005% | 1h | 86,728.6 | +0.017% | $36.7M | — | 200x | as long as short |
Perpl BTC
Aftermath Perps BTCUSD
Phoenix BTC
dYdX BTC-USD
Hotstuff BTC-PERP
Bluefin BTC-PERP
KuCoin XBTUSDTM
01 Exchange BTCUSD
Kalshi KXBTCPERP
gTrade (Gains Network) BTC/USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BTCUSDT | +0.0017% | 8h | 86,723.3 | +0.011% | $506.3M | $1.16B | 200x | as long as short |
| BingX BTC-USDT | +0.0019% | 8h | 86,713.4 | 0.000% | — | $1.60B | — | as long as short |
| Reya BTCRUSDPERP | +0.0021% | 1h | 86,669.3 | −0.051% | $6.8M | $143.8M | 40x | as long as short |
| Phemex BTCUSDT | +0.0022% | 8h | 86,689.5 | −0.028% | $149.5M | $469.1M | 150x | as long as short |
| Bitget BTCUSDTshort | +0.0025% | 8h | 86,710.8 | −0.003% | $2.95B | $5.08B | 150x | |
| MEXC BTC_USDT | +0.0046% | 8h | 86,711.6 | −0.002% | $5.21B | $5.62B | 500x | as long as short |
| Binance BTCUSDT | +0.0046% | 8h | 86,710.9 | −0.003% | $9.45B | $24.35B | 150x | as long as short |
| Aevo BTC-PERP | +0.0048% | 1h | 86,697.2 | −0.019% | $2.4M | $1.3M | 20x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,984 | +0.312% | $316K | $26.8M | 52x | as long as short |
| OKX BTC-USDT-SWAP | +0.0056% | 8h | 86,714.8 | +0.001% | $2.58B | $12.73B | 100x | as long as short |
| Gate BTC_USDT | +0.0062% | 8h | 86,716.1 | +0.003% | $5.86B | $10.54B | 200x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,682.2 | −0.036% | $9.2M | $41.9M | 25x | as long as short |
| Bybit BTCUSDT | +0.0078% | 8h | 86,727.9 | +0.016% | $5.29B | $9.70B | 150x | as long as short |
| Variational Omni BTC | +0.0088% | 8h | 86,792.9 | +0.091% | $161.2M | $563.4M | — | as long as short |
| GRVT BTC_USDT_Perp | +0.0094% | 8h | 86,810.6 | +0.112% | $218.0M | $191.1M | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,703.2 | −0.012% | $172.6M | $1.00B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,709.4 | −0.005% | $24.2M | $152.5M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,663 | −0.058% | $8.5M | $52.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0097% | 1h | 86,687 | −0.031% | $60.5M | $336.4M | 40x | as long as short |
| Orderly PERP_BTC_USDC | +0.0098% | 8h | 86,706 | −0.009% | $2.5M | $8.4M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,724.3 | +0.012% | $4.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,659 | −0.063% | $194K | $6.8M | 50x | as long as short |
| Nado BTC-PERPlong | +0.0100% | 1h | 86,713.7 | long leg | $22.0M | $237.9M | 50x | |
| Hyperliquid BTC | +0.0100% | 1h | 86,780 | +0.077% | $3.85B | $5.08B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,729.7 | +0.018% | $41.6M | $484.5M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,673 | −0.047% | $3.9M | $18.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,740.6 | +0.031% | $7.5M | $95.4M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,919.5 | +0.237% | $573.8M | $23.8M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,710.6 | −0.004% | $38.3M | $148.1M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,804.8 | +0.105% | $280.4M | $944.7M | 100x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,805.9 | +0.106% | $142.0M | $322.7M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,756.7 | +0.050% | $30.9M | $205.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,746.4 | +0.038% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,668 | −0.053% | $11.1M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,680.9 | −0.038% | $202K | $3.4M | 20x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,697.1 | −0.019% | $30.0M | $61.5M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,665.6 | −0.055% | $3.4M | $5.6M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,686.2 | −0.032% | $2.30B | $954.8M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,704.8 | −0.010% | $46.2M | $228.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,748 | +0.040% | — | $97.8M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0116% | 1h | 86,729.1 | +0.018% | $192.7M | $927.3M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,738.4 | +0.029% | $132.3M | $5.93B | 50x | as long as short |
| BloFin BTC-USDT | +0.0166% | 8h | 86,801 | +0.101% | $420.1M | $642.2M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0181% / S −0.0200% | 1h | 86,717.5 | +0.004% | $15.4M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0200% | 1h | 86,798.4 | +0.098% | $752K | $7.0M | 30x | as long as short |
| Deribit BTC-PERPETUAL | +0.0482% | 1h | 86,704.8 | −0.010% | $922.4M | $1.38B | 50x | as long as short |
Aster BTCUSDT
BingX BTC-USDT
Reya BTCRUSDPERP
Phemex BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Injective BTC/USDC PERP
OKX BTC-USDT-SWAP
Gate BTC_USDT
RISEx BTC/USDC
Bybit BTCUSDT
Variational Omni BTC
GRVT BTC_USDT_Perp
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
SoDEX BTC-USD
Orderly PERP_BTC_USDC
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
edgeX BTCUSDC
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Deribit BTC-PERPETUAL